701, Axis Residences 8
Sold prices and rental history: sold twice, last in October 2023, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Axis Residences 8
What is 701 worth today?
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Source: Dubai Land Department. Updated 25 October 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 817 sqft
- Floor
- 7th of 8
- Parking
- 97
- Developer
- Gulf General Investments Co
- Completed
- 2010
- Service charge
- AED 10,500 /yr
- Last sold
- AED 430K · October 2023
- Building
- Axis Residences 8
About 701, Axis Residences 8
701 is a one-bedroom apartment of 817 sqft on the 7th floor of Axis Residences 8, a 8-storey tower in Dubai Silicon Oasis completed in 2010 by Gulf General Investments Co. It last sold on 25 October 2023 for AED 430,000, or AED 526 per sqft, 5% above the AED 501 one-beds in the building were fetching at the time.
It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 November 2020, is AED 31,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 10,500 a year.
Sales and rents for 701 over time
701 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Axis Residences 8, and where 701 sits
All 94 1-beds →701 last sold in October 2023 at AED 526 per sqft, 5% above what one-beds in Axis Residences 8 were fetching at the time (AED 501). Over the last 12 months one-beds sold for AED 650,000 to 860,000, around AED 815 per sqft, and rent for AED 43,000 to 68,000 a year. 701's AED 31,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Feb 202617 February 2026 | 920 sqft | 650,000 | 706 | ||
| 3 Jul 20253 July 2025 | 768 sqft | 525,000 | 683 | ||
| 17 Jun 202517 June 2025 | 890 sqft | 620,000 | 696 | ||
| 29 May 202529 May 2025 | 917 sqft | 700,000 | 763 |
Axis Residences 8
Building111 apartments, 1-bed over 8 floors in Dubai Silicon Oasis, completed in 2010 by Gulf General Investments Co. 2 sold in the last 12 months.
- Typical price per sqft
- AED 815
- Typical sale
- AED 755K
- Typical rent
- AED 55K /yr
- Typical yield
- 8.6%
Other units on the 7th floor
All 111 units in Axis Residences 8| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 661 sqft | AED 330KAED 329,889 · Jun 2023June 2023 | 55,000 /yr | |
| 703 | 920 sqft | AED 595KAED 594,681 · Sep 2025September 2025 | 56,000 /yr | ||
| 704 | 917 sqft | AED 598KAED 598,165 · Sep 2025September 2025 | 65,000 /yr | ||
| 705 | 768 sqft | AED 582KAED 582,469 · Sep 2025September 2025 | 54,000 /yr | ||
| 706 | 831 sqft | AED 559KAED 559,373 · Sep 2025September 2025 | 55,000 /yr | ||
| 707 | 864 sqft | AED 600KAED 599,811 · Sep 2025September 2025 | 56,000 /yr | ||
| 708 | 842 sqft | AED 586KAED 585,884 · Sep 2025September 2025 | 54,000 /yr | ||
| 709 | 775 sqft | AED 591KAED 590,815 · Sep 2025September 2025 | 54,000 /yr | ||
| 710 | 924 sqft | AED 632KAED 632,151 · Sep 2025September 2025 | 55,000 /yr | ||
| 711 | 931 sqft | AED 647KAED 646,738 · Sep 2025September 2025 | 32,000 /yr | ||
| 712 | 1-bed | 654 sqft | AED 327KAED 326,971 · Jun 2023June 2023 | 28,000 /yr | |
| 713 | 1-bed | 821 sqft | AED 535KAED 535,000 · Jan 2025January 2025 | 37,000 /yr | |
| 714 | 890 sqft | AED 599KAED 599,475 · Sep 2025September 2025 | 30,000 /yr |
701, Axis Residences 8 in numbers
- Sold twice: first on 29 May 2014 for AED 600,408, last on 25 October 2023 for AED 430,000 (AED 526 per sqft).
- Rented since December 2012 on 3 Ejari contracts, from AED 36,500 to AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2023 price is 7.2%, before a service charge of about AED 10,500 a year (AED 12.89 per sqft).
- One-beds in Axis Residences 8 sold for AED 650,000–860,000 in the 12 months to November 2026; the building's median across all types is AED 815 per sqft.
Source: Dubai Land Department. Updated 25 October 2023.
Questions about 701, Axis Residences 8
What did unit 701 last sell for?
AED 430,000 on 25 October 2023: AED 526 per sqft for 817 sqft. The unit has 2 registered sales; the first was AED 600,408 in May 2014.
What is the rent for unit 701?
AED 31,000 a year on the contract signed on 1 November 2020. The previous contract, from December 2015, was AED 48,400; the unit has been rented since December 2012.
How big is unit 701?
817 sqft (75.9 sqm): a one-bedroom apartment on the 7th floor of a 8-storey tower completed in 2010.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Axis Residences 8 sold for AED 650,000 to 860,000 in the last 12 months, around AED 815 per sqft.
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Mortgage on 701, Axis Residences 8
Starts from the last sale price (AED 430K, 25 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 430,000
- Deposit, UAE resident (20%)
- AED 86,000
- Deposit, non-resident (40%)
- AED 172,000
- Monthly over 25 years at 3.7%
- AED 1,759
Plus AED 20,970 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →